Title Nominee definition

Title Nominee has the meaning set forth in Section 14.3(5).
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Title Nominee means any Subsidiary of the Corporation whose sole function is to hold, and whose sole asset (other than nominal assets) is, legal title to real property (or to serve a substantially similar purpose or function in jurisdictions outside Canada and the United States of America);
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Examples of Title Nominee in a sentence

  • Each Lender’s ownership interest in the Title Nominee shall be equal to such Lender’s Ratable Share of all outstanding fundings of principal of the Loan (including Protective Advances) as of the date of the acquisition of the Property.

  • Name of Institution ____________________________________________ Signature ____________________________________________ Name ____________________________________________ Title Nominee Acknowledgment The undersigned hereby acknowledges and agrees that as to the Reset Rate Notes being registered in its name, the sole beneficial owner thereof is and shall be the Purchaser identified above, for whom the undersigned is acting as nominee.

  • Very truly yours, _____________________________ (PURCHASER) By:__________________________ Name:________________________ Title:_______________________ Nominee Acknowledgment The undersigned hereby acknowledges and agrees that as to the Certificates being registered in its name, the sole beneficial owner thereof is and shall be the Purchaser identified above, for whom the undersigned is acting as nominee.

  • The organizational documents of the Title Nominee shall be subject to the approval of the Required Lenders, and the consent rights of the Lenders in Section 12.2 shall be included in the organizational documents of the Title Nominee.

  • Very truly yours, __________________________________________ (Transferor) By:_______________________________________ Name:_____________________________________ Title:____________________________________ Nominee Acknowledgment ---------------------- The undersigned hereby acknowledges and agrees that as to the Transferred Certificates being registered in its name, the sole beneficial owner thereof is and shall be the Transferee identified above, for whom the undersigned is acting as nominee.

  • The Bank will provide an Automated Letter of Credit Service (the “Service”) that facilitates the electronic transmission of data related to the Letters of Credit.

  • Leasco has ---------------------------------- good and marketable title to all its material properties and assets, except (a) for minor defects in title that do not interfere with its ability to conduct its business as currently conducted or to utilize such properties and assets for their intended purposes and (b) that Vehicles covered by the Vehicle Title Nominee Agreement are titled in the name of Old Ryder.

  • At any time on or prior to [to insert the Representation Expiration Date], Buyer or a Permitted Title Nominee (“Claimant”) may provide a written notice to Escrow Agent in the form of Exhibit A attached hereto (the “Indemnification Claim Notice”) asserting either (i) a claim for indemnification by Seller pursuant to Article 15 of the Acquisition Agreement, or (ii) a claim with respect to any liability of Seller under any Seller Estoppel.

  • Leasco enjoys beneficial ownership of all such Vehicles titled in the name of the Seller pursuant to the Vehicle Title Nominee Agreement.

  • Buyer’s Initials: /s/ SE Seller’s Initials (on behalf of each Seller): /s/ BP In no event shall Seller or any Seller Party be liable to Buyer or any Permitted Title Nominee for any indirect, consequential, exemplary, incidental, punitive or special damages.